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Mitigating Construction Risk. June 30, 2014 Dial 1-866-740-1260 Passcode 4559883 NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website. . Today’s speakers. Connie Max VP and Chief Credit Officer LISC. Daniel Hernandez Founder TOPOLOGY. - PowerPoint PPT Presentation
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Mitigating Construction Risk
Mitigating Construction RiskJune 30, 2014Dial 1-866-740-1260 Passcode 4559883
NOTE: This session will be recorded and available (along with the PPT) on the LISC ICCD website.
Todays speakers
Connie MaxVP and Chief Credit OfficerLISCJesse EltonSenior Program OfficerHousingLISC
Daniel HernandezFounderTOPOLOGYDan AdamsDirector of DevelopmentMidPen Housing
What does the design team look like?Structuring the team
Hiring and monitoring consultants
Collaboration is key!!
Contractor selection and biddingNegotiated bid versus competitive
Managing the bid process
Comparing bids
Construction contracts
Types of contracts: pros and cons
Contingencies
Pay attention to close-out language
The construction process
Who is involved in construction and the construction management process?
On-site meetings
Draw approval process
In-house versus third party rep
Best practices for closing out a job
ResourcesHUD Cost Controls and Safe Harbor Standardshttp://portal.hud.gov/hudportal/documents/huddoc?id=DOC_9880.pdfhttp://portal.hud.gov/hudportal/documents/huddoc?id=ho_safeharbor.pdfIntegrated Project Deliveryhttp://www.agc.org/galleries/projectd/IPD%20for%20Public%20and%20Private%20Owners.pdf
Construction Contract Typeshttp://www.abc.org/Portals/1/Documents/Membership%20Docs/MemberDiscountDocs/ContractTypes.pdf
Pluses and Minuses: Cost-Plus versus Fixed-Priced Contractshttp://www.beankinney.com/media/publication/88_JFF%20-%20Pluses%20and%20Minuses_%20Cost-Plus%20Versus%20Fixed-Price%20Contracts%20_00111412_.pdf
TheLISC Institute for Comprehensive Community Developmentis designed to share knowledgeand resources with LISC staff, local agencies in the LISC network and others who are working in thefield of comprehensive community development. The Institute website, trainings, webinars and peer-to-peer support are tools that help practitioners and their partners successfully implement comprehensive community initiatives.
LISC ICCD website SummertimeArt BlakeyDubose Heyward/George Gershwin/Ira GershwinStandards on Impulse1997iTunes 10.4.0.80, QuickTime 7.6.9